In Europe, the stock exchanges had a crackling ending to the week. After the great fear on Monday and the uncertain session on Tuesday, the last three sessions of the week were marked by recovery. The European stock exchanges canceled the losses and returned to the levels of seven days earlier. But the most sensational recovery made it a list above all.
It was above all the American one that dragged up the stock markets. Wall Street’s recovery has been prodigious. After 5 sessions down, the US stock market has scored 4 consecutive sessions up. The start of the last session of the week was portentous. The prices of the S&P 500 opened in a bullish gap and immediately raised the historical record. By the time the stock exchanges in Europe closed, the three US indices were up by over half a percentage point.
Very few would have imagined this sensational scenario thanks to the last incredible session of Piazza Affari
Among the titles that have taken the sprint to the US stock exchange there are those related to social media. Snap, the creator of social Snapchat, has achieved the highest revenue growth in the past 4 years. The stock on the stock market flew up to 24%, trailing the other companies in the sector behind it. Twitter at the time of the close of the European stock exchanges was rising by 4%, Facebook by 4.5%.
The reflection of Wall Street on the European stock exchanges was fundamental for the recovery of these days. Yesterday, the positive closing of the US Stock Exchange allowed a sharp upward opening for the lists of the Old Continent. After a steadily rising morning, the resounding start of the US Stock Exchange allowed the European lists to consolidate their gains in the final session. Now the market scenario has completely changed.
Among the main European stock exchanges, the Milan stock exchange was the one with the greatest risk of collapse. But it is also the one that has benefited most from the reversal of the markets. The Ftse Mib (INDEX: FTSEMIB) closed today at 25,124 points up 1.3%, returning to the levels of a week ago. Very few would have imagined this sensational scenario thanks to the last incredible session of Piazza Affari. Even if our analysts, in the article “A sensational scenario can reopen on the Stock Exchange if this condition occurs“, had hypothesized a similar event. That announced condition occurred and the scenario itself materialized on time.
This is the multidays analysis and the point of view of the international markets of the ProiezionidiBorsa Research Department
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